If you’re a sole trader, a partner in a business partnership, a limited Company Director or Shareholder or have other untaxed income, you may need to complete an online self-assessment tax return (and pay what you owe) by 31 January 2021.
FreeAgent has been busy over the last few months, quietly rebuilding their multi-award winning iOS mobile app to make it even slicker and more reliable.
The iPhone app has been specially designed for freelancers, the self-employed and other small business owners to use on the go.
A survey of self-employed workers has found that more than four in ten freelancers hope to retire before they turn 61.
The new research focused on freelancer’s plans in 2018 and beyond. But with separate research suggesting that freelancers are not saving enough for their retirement – careful money management will become more important for self-employed people.
Cloud accounting software packages like Xero and FreeAgent can help freelancers save for their future.
The new tax year has brought a fresh wave of tax bracket and regulatory changes that many small businesses and freelancers will need to adapt to.
Some of the changes will have a positive impact and some will be more negative.
We have summarised the most important changes and detailed who they are likely to affect.
It has been three months since Britain decided to sever its ties with the European Union, but lots of us are still unclear exactly what that means and what effect it will have on us in the future.
While many British businesses grapple with Brexit’s consequences, the self-employed people who service them are in a state of limbo.
September did bring some positive signs for Britain’s flexible labour force and experts now suggest that some of the more apocalyptic Brexit scenarios are unlikely. But the black cloud of Brexit and the legacy of so-called ‘Project Fear’ still loom large over freelancers’ heads.
Your accountant can do more than you think when it comes to saving your small business money.
At a time when many firms might be thinking about tightening the purse strings, we’re sharing four helpful things that your accountant can do to save you money without compromising on performance.
Alongside their market-leading skills, time is one of a freelancer’s most valuable assets. But too many freelancers don’t charge what they are worth.
Too often, freelancers don’t understand the true value of their time, and profits can suffer because of it.
FreeAgent - a cloud accounting software package designed for freelancers and other small businesses - has a time tracking feature that lets self-employed workers keep tabs on ALL of their time.
After a tumultuous election campaign the final result was anything but decisive. With no party winning an overall majority, we look at what freelancers wanted out of the election, who they voted for and what could happen next.
Generally speaking, freelancers love freelancing. The freedom and control that freelancing brings is precious for hundreds of thousands of independent British workers, but at the same time it can be a very difficult job.
The common misconception that freelancers pop out for coffee whenever they like and still earn fistfuls of cash isn’t true for most people.
With the ‘gig economy’ under review and the government eyeing the flexible sector for a tax cash grab, some freelancers have revealed the dark and dirty side of self-employment.
Physical, emotional and financial tolls are all part of daily life for freelancers, but there are things that can be done to soften the hardship.
If you are a contractor feeling down after the Chancellor’s Autumn Statement then Cloud Accountant hope to cheer you up with their Black Friday offer of One Month Free!
On Wednesday the Chancellor’s Autumn Statement said they’d be restricting tax relief from 6th April 2016 for contractors in respect of Travel and Subsistence Expenses. Good news is if you operate through a limited company this doesn’t apply to you if you are also outside the scope of IR35.